Banking & Insurance

Union Bank of the Philippines, the country’s 9th largest lender by assets, began the public offering on Wednesday of its latest debt securities—aiming to raise at least P10 billion to support funding needs.

The outstanding debt of the national government increased to P16.753 trillion as of end-April 2025, a 0.41 percent or P68.69 billion rise from the previous month.  The April figure was 4.4 percent higher than the P15.017 trillion posted in the year-earlier period.

The Bangko Sentral ng Pilipinas (BSP) has received the prestigious “Best New Banknote or Banknote Series” award from the International Association of Currency Affairs (IACA) for its First Philippine Polymer Banknote Series (FPPBS), recognized during a ceremony in Bangkok on 28 May.

Leading digital bank and fintech ecosystem Maya has partnered with retail chain Ultra Mega and connectivity provider GoodApps in a tripartite collaboration aimed at advancing digital financial inclusion for over 100,000 micro, small, and medium-sized enterprises (MSMEs)—with a focus on sari-sari stores across the Philippines.

Treasury bill rates held steady at Monday’s auction as the market awaited fresh inflation data expected to influence the direction of monetary policy. The May...